UCLA Law Professor Andrew Verstein was elected in July to the membership of the American Law Institute, among the most prestigious positions for legal academics and professionals.
The ALI is the “leading independent organization in the United States producing scholarly work to clarify, modernize, and otherwise improve the law.” Its wide array of projects and publications include restatements of the law and other heavily researched compendia “that are enormously influential in the courts and legislatures, as well as in legal scholarship and education.”
Verstein will join teams that are working on three ALI projects: the principles of the law of compliance, risk management, and enforcement; the restatement of the law of corporate governance; and a joint project on the Uniform Commercial Code with the Uniform Law Commission.
An expert in contract law, corporate law, and securities regulation and litigation, Verstein joined UCLA Law in 2020. His innovative business law scholarship touches on emerging issues involving fintech, market benchmarks and passive investment, market abuses including insider trading, the legal function of motive, and the legal theory of the firm.
He is the 18th ALI member currently serving on the UCLA Law faculty.
Verstein came to UCLA Law from Wake Forest University School of Law, where he was a professor and associate dean for research and academic programs. His prior work includes service as the John R. Raben/Sullivan & Cromwell Executive Director of the Yale Law School Center for the Study of Corporate Law. He earned an A.B., summa cum laude, from Dartmouth College and a J.D. from Yale Law School.